Riedel Resources Limited announced the final gold and silver assay results from its 23-hole drill program completed at its Kingman Project in Arizona, USA, in late 2022. Final assays from Tintic continue to demonstrate shallow and flat-lying mineralization with high-grade assay results from shallow depths. These outstanding results continue the trend at Tintic and follow on from high-grade assays achieved from all the previous drilling programs at Tintic.

Diamond drill holes 2022-KNG-018A and 018B at Tintic correlate very well with surrounding drill results and demonstrate that high-grade gold mineralization remains open to the west on that section. Diamond drill hole 2022-KNG-023A correlates well with previous RC drill assay results achieved in previous drilling at the Jim's prospect area, with the interpretation that the Tintic and Jim's mineralized zones are linked. Tintic and Jim's share several distinct geological characteristics that imply the two zones to be closelyrelated.

The geophysical hi-mag gabbro structural trend suggests the near-surface mineralisation of each location is linked. The mesothermal quartz textures, the presence of rhodochrosite and the strong poly-metallic nature, with persistent base metal zonation, are all indicative the mineralization is linked and potentially related to a nearby source. The Tintic-Jim's zone is now interpreted to be approximately 2km long, on a NW-SE trending axis.

Results from Riedel's recent Tintic focused diamond drill program completed last quarter has returned multiple high-grade gold results as well as elevated silver and base metal grades - as noted below: 5.5m @ 12.4g/t Au, 105g/t Ag and 3.9% Pb from 16.8m including 1m @ 47.9g/t Au, 266g/t Ag and 10.5% Pb from 17.1m in hole 2022-KNG-017C 1.86m @ 11.7g/t Au and 90g/t Ag from 21.3m including 0.67m @ 30.8g/t Au, 81g/t Ag & 3.9% Pb from 21.3m in hole 2022-KNG-017A0.76m @ 52.8g/t Au and 261g/t Ag from 20.4m including 0.24m @ 130g/t Au, 732g/t Ag and 28% Pb from 21m in hole KNG-2022-013B, 0.37m @ 122.6g/t Au, 172g/t Ag and 3.7% Pb from 67.4m in hole 2022-KNG-021B 1.8m @ 16.3g/t Au and 70g/t Ag from 23.8m including 0.82m @ 32.3g/t Au and 110g/t Ag from 24.3m in hole 2022-KNG-026A, 1.0m @ 14.3g/t Au, 222g/t Ag and 14.6% Pb from 18.8m including 0.6m @ 23.7g/t Au, 298g/t Ag and 23% Pb from 18.8m in hole 2022-KNG-017B, 0.82m @ 17.1g/t Au and 28g/t Ag from 14.3m including 0.25m @ 50.1g/t Au, 63g/t Ag & 10.5% Pb from 14.3m in hole 2022-KNG-017A .2.14m @ 11.22g/t Au and 48g/t Ag from 17.4m including 0.61m @ 38.8g/t Au, 69g/t Ag and 2.8% Pb from 17.4m in hole 2022-KNG-018B, 1.47m @ 11.56g/t and 101g/t Ag from 24.08m including 0.55m @ 30.5g/t Au, 222g/t Ag and 13.1% Pb from 24.08m in hole 2022-KNG-018A, 3.96m @ 6.81g/t Au and 47g/t Ag from 18.3m including 0.91m @ 16.4g/t Au, 75g/t Ag and 2.8% Pb from 18.3m, 0.31m @ 18.5g/t and 83g/t Ag from 20.7m and 0.31m @ 12.1g.t Au, 143g/t Ag and 1.6% Pb from 21.9m in hole 2022-KNG-022A, 0.42m @ 27.7g/t Au and 73g/t Ag from 20.7m in hole 2022-KNG-013A 2.13m @ 16.7g/t Au, 88g/t Ag and 4.7% Pb from 12.5m including 1.46m @ 23.1g/t Au, 120g/t Ag and 6.5% Pb from 12.8m in hole 2022-KNG-018C, 2.35m @ 6.3g/t, 87g/t Ag and 2.8% Pb from 15.85m including 0.4m @ 22g/t Au, 324g/t Ag and 9.4% Pb from 15.85m in hole 2022-KNG-018C, 2.16m @ 8.00g/t Au and 29g/t Ag from 19.05m including 0.3m @ 51.1g/t Au, 134g/t Ag and 6.3% Pb from 19.51m in hole 2022-KNG-018C, 1.86m @ 5.31g/t Au and 226g/t Ag from 22.04m including 0.34m @ 14.9g/t Au, 535g/t Ag and 3.3% Pb from 22.71m in hole 2022-KNG-016A.